HomeSouth CarolinaCherokee CountyGaffney city
Gaffney city, South Carolina: commercial real estate data.
Gaffney city is a Census city of 12,596 people across 9.07 square miles of land, in Cherokee County. Median household income is $41,089, 50.5 percent of occupied homes are owned, and the SBA record carries 13 7(a) approvals to borrowers here worth $23.7 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Gaffney
What Gaffney is
- Census place typecity
- Land area9.07 sq mi
- Water area0.02 sq mi
- Population per square mile of land1,389
- County holding the largest share of its areaCherokee County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Gaffney
How many people live in Gaffney
- Population12,596
- Median age31.9
- Population under 182,774
- Share under 1822.0 percent
- Population 65 and over1,982
- Share 65 and over15.7 percent
- Households4,635
- Family households2,466
- Share of households that are families53.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Gaffney
Income and work in Gaffney
- Median household income$41,089
- Per capita income$21,994
- Civilian labor force5,317
- Employed4,756
- Unemployed561 plus or minus 187
- Unemployment rate10.6 percent plus or minus 3.4
- Adults 25 and over7,870
- Adults 25 and over with a high school diploma or higher84.5 percent
- Adults 25 and over with a bachelor degree or higher23.1 percent plus or minus 4.8
- Adults 25 and over with a graduate degree9.3 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Gaffney
Housing in Gaffney
- Housing units5,384
- Occupied units4,635
- Vacant units749 plus or minus 293
- Vacancy rate13.9 percent plus or minus 5.4
- Owner occupied2,341
- Renter occupied2,294
- Ownership rate50.5 percent
- Median owner-occupied home value$137,700
- Median gross rent, monthly$887
- Annual rent as a share of median income25.9 percent
- Single family units3,616
- Share single family67.2 percent
- Units in buildings of two or more1,662 plus or minus 335
- Share in buildings of two or more30.9 percent
- Mobile homes106 plus or minus 71
- Median year structure built1975
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Gaffney
How Gaffney gets to work
- Workers 16 and over who commute4,401
- Commuting under 15 minutes2,257
- Share commuting under 15 minutes51.3 percent
- Commuting 30 minutes or more1,128 plus or minus 276
- Share commuting 30 minutes or more25.6 percent plus or minus 5.8
- Drove alone79.4 percent
- Carpooled9.2 percent plus or minus 3.6
- Public transport0.2 percent plus or minus 0.4
- Walked3.3 percent plus or minus 1.9
- Worked from home4.9 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Gaffney
SBA loans in Gaffney (7(a))
- Approvals13
- Gross approval$23,706,100
- Average approval$1,823,546
- Median approval$1,850,000
- Ninetieth percentile approval$4,068,000
- Largest approval$5,000,000
- Jobs supported164
- Jobs per approval12.6
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more76.9 percent
- Share to franchises61.5 percent
- Distinct lenders11
- Distinct industries by NAICS9
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Gaffney
SBA loans in Gaffney (504)
- Approvals2
- Gross approval$1,055,000
- Average approval$527,500
- Median approval$679,000
- Largest approval$679,000
- Jobs supported12
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Cherokee County, not Gaffney
Cherokee County context, not Gaffney figures
These are Cherokee County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Gaffney measurements.
- Establishments in Cherokee County935
- Employment at those establishments, Cherokee County17,983
- Covered employment, Cherokee County18,064
- Average annual pay, Cherokee County$48,261
- Average weekly wage, Cherokee County$928
- Housing units permitted, Cherokee County239
- Of those, single family, Cherokee County203
- County product, 2024, Cherokee County$2,341,786,000
- County product change over the prior year, Cherokee County7.5 percent
- Average income of an arriving household, Cherokee County$48,388
Every figure in this section is published for Cherokee County as a whole and is not a measurement of Gaffney. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Gaffney questions, answered from the record.
How many people live in Gaffney, South Carolina?
12,596, in 4,635 households. Gaffney city covers 9.07 square miles of land, which is 1,389 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Gaffney in?
Cherokee County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Gaffney?
$41,089. The median owner-occupied home is valued at $137,700. Median gross rent is $887 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Gaffney businesses?
13 7(a) approvals totalling $23.7 m, across 11 lenders, median approval $1,850,000, plus 2 504 approvals worth $1.1 m. These count approvals to borrowers whose address is in Gaffney, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Gaffney borrowers get paid back?
No rate is published for Gaffney. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Gaffney figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cherokee County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Gaffney.
Is zoning published for Gaffney?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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